Wed. Oct 4th, 2023
    The Global Push to Decarbonize Aviation Sector by 2050 Could Lead to Higher Ticket Prices, says CEO

    The CEO of WestJet, Canada’s second-largest airline, warns that the global effort to decarbonize the aviation sector by 2050 could result in a significant increase in ticket prices unless governments provide support. Alexis von Hoensbroech made this statement at the 24th World Petroleum Congress, where he discussed the challenges faced by the airline industry in transitioning to sustainable practices.

    WestJet is the largest consumer of petroleum products in the oil-producing province of Alberta, spending over $1 billion annually on jet fuel. While the airline is investing in more efficient aircraft to reduce greenhouse gas emissions, von Hoensbroech argues that financial and regulatory support is needed to promote the use of sustainable aviation fuel (SAF).

    SAF is a low-carbon fuel made from renewable materials, rather than petroleum. However, it is currently five times more expensive than traditional jet fuel. In order to make SAF more affordable and accessible, von Hoensbroech calls for governments to provide assistance. This could include financial incentives for airlines to adopt SAF, as well as regulations that mandate its use within the industry.

    The transition to sustainable aviation is crucial in tackling climate change and reducing the carbon footprint of the aviation sector. While airlines are taking steps to reduce their emissions, such as investing in fuel-efficient planes, the use of SAF is essential to achieve significant carbon reductions. By providing support and incentives, governments can play a key role in driving the adoption of sustainable practices in the aviation industry.

    Source: The Canadian Press